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Energy savings through the roof

BY HBSDealer Staff

The world’s leading home furnishings retailer is now finished. It rests on top of IKEA’s new Indianapolis-area store, opening Oct. 11 in Fishers, Indiana.

The Fishers store’s 219,000-square-foot solar array consists of a 1.34 MW system, built with 3,888 panels that will produce approximately 1,752,845 kWh of electricity annually for the store, the equivalent of reducing 1,358 tons of carbon dioxide (CO2) – equal to the emissions of 260 cars or providing electricity for 182 homes yearly, the company said.

“Completing the solar installation is another exciting and sustainable step in the progress towards opening the future IKEA Fishers,” said Holly Davidson, store manager. “IKEA strives to create a sustainable life for communities where we operate, and IKEA Fishers is adding to this goal with Indiana’s largest retail solar rooftop.”

Consistent with the goal of being energy independent by 2020, IKEA has installed more than 700,000 solar panels on buildings across the world and owns approximately 300 wind turbines, including 104 in the U.S.

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New location to include 4,000-plus tile and stone products

BY HBSDealer Staff
Minneapolis – The Tile Shop has expanded its presence in greater Detroit with the opening of its sixth metro store in Troy. The new location features 14,750 sq. ft. of retail showroom space and over 4,000 tile designs for consumers and the professional trade. 
 
The Tile Shop in Troy includes an on-site design and education center featuring the digital Design Studio, a collaborative platform that allows customers to create customized 3D design renderings to scale.
 
The Tile Shop’s Pro Network, geared for trade professionals, includes tile specification sheets, instructional videos, tiered discounts, jobsite delivery, in-house credit, and customer referrals.
 
“We are looking forward to serving homeowners, flooring specialists, interior designers and custom home builders in Troy with the finest tile, stone and accessories available,” said Chris Homeister, president and CEO, The Tile Shop. “Troy will be a great addition to the Detroit market, where we have long established a strong presence.”
 
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Summer sales slump

BY Marianne Wilson
Consumers were cautious in their spending during the summer months.
 
Retail sales in August decreased by 0.2% from July on a seasonally adjusted basis, according to the National Retail Federation. (The NRF numbers exclude automobiles, gasoline stations and restaurants. Also, the Commerce Department said data for July was revised to show sales increasing 0.3% instead of the previously reported 0.6% jump.
 
Among the biggest surprises of the data for August was that the biggest decrease was in online and non-store sales, which fell 1.1%. Sales at apparel stores fell 1%.
 
"Retail sales for August were truly a mixed bag, with monthly gains in July reversed in August,” NRF chief economist Jack Kleinhenz said. “The bottom line is that consumer spending is uneven but remains resilient and the key contributor to U.S. economic growth. While it is too early to assess the impact Hurricanes Harvey and Irma have had on the economy and retail sales, there’s no doubt that they will impact consumer spending – particularly in certain sectors – as Florida and Texas work to rebuild."
 
Year-over-year growth was up 3.4% on a three-month moving average. Specifics from August sales include:
 
• Online and other non-store sales decreased 1.1% seasonally adjusted from July but increased 8% unadjusted year-over-year.
 
• Clothing and accessories stores decreased 1% seasonally adjusted from July but increased 1.5% unadjusted year-over-year.
 
• General merchandise stores increased 0.2% seasonally adjusted over July and increased 3.1% unadjusted year-over-year.
 
• Electronics and appliances stores decreased 0.7% seasonally adjusted from July and decreased 3.3% unadjusted year-over-year.
 
• Furniture and home furnishings stores increased 0.4% seasonally adjusted over July and increased 5.9% unadjusted year-over-year.
 
• Building materials and supplies stores decreased 0.5% from July but increased 8.2% unadjusted year-over-year.
 
• Sporting goods stores decreased 0.1% seasonally adjusted from July and decreased 1.7% unadjusted year-over-year.  
 
• Health and personal care stores increased 0.1% over July and increased 0.3% unadjusted year-over-year.
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